Imagine Solutions, Inc.
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Imagine Solutions, Inc. - overview
Established
1998
Location
Dallas, TX, US
Primary Industry
Software
About
Imagine Solutions, Inc. is a technology company specializing in AI-driven document automation solutions designed for the financial services sector, enhancing operational efficiency in lending and compliance processes. Founded in 1998 in Dallas, US, Imagine Solutions, Inc. provides document automation solutions for financial institutions.
The company was recapitalized in May 2019 by Alturus Strategic Capital Partners, though financial terms were not disclosed. Oscar P serves as the founder, and the leadership team includes CEO Rick Smith and Will Robinson. Imagine Solutions specializes in AI-powered document automation solutions tailored for the financial services industry, specifically targeting banks and credit unions. The company's core offerings streamline document-heavy processes in lending and compliance, enhancing operational efficiency and customer service.
Their platform automates the collection, validation, and reporting of key data points related to Fair Lending Guidelines, such as HMDA, CRA, and Dodd-Frank 1071, significantly reducing errors and associated manual verification costs. The company serves over 1,000 financial institutions across various markets, primarily in North America. Imagine Solutions generates revenue primarily through a subscription-based model, where financial institutions pay for access to its document automation platform. Their pricing structure is tiered, based on different levels of service and integration capabilities.
The company’s leading product targets the automation of lending and compliance processes, focusing on maintaining high compliance standards such as SOC 2 Type 2. Following the recapitalization in May 2019, Imagine Solutions plans to utilize the proceeds to innovate and expand its product offerings. Upcoming products, designed to further automate lending processes, are expected to be launched in the next 12 to 18 months. Additionally, the company aims to expand into new markets across Europe and Asia by 2024, targeting regions with increasing regulatory compliance demands.
The investment from Alturus Strategic Capital Partners will support these initiatives, enabling the firm to enhance its technology and market reach.
Current Investors
Alturus Strategic Capital Partners
Primary Industry
Software
Sub Industries
Consulting Services, Analytics & Performance Software, Content Management Software
Website
www.imaginesolutions.com
Verticals
Cloud Computing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Imagine Solutions, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Completed | Imagine Solutions, Inc. | - |
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